business

Planning

The process of setting short-term and long-term goals to achieve organizational objectives.

Organizing

Arranging people and tasks to carry out the business's plans and objectives, with three levels of management - upper, middle, and lower-level management.

Upper Management

Sets long-term company goals and includes job titles like CEOs, COOs, and CFOs.

Middle Management

Interprets plans from upper management and implements them, with job titles such as plant manager and regional manager.

Lower-Level Management

Implements plans from above, with job titles like team leader, foreperson, and store manager.

Leading

Achieving organizational goals through motivating, communicating, and encouraging participation.

Controlling

Involves activities like employee discipline, performance appraisals, and budgeting to manage resources effectively.

Managing Resources

Different managers oversee areas like purchasing, production, marketing, research and development, and finance.

Leadership Styles

Include autocratic, laissez-faire, and democratic leadership, each with distinct characteristics and impacts on employees.

Teamwork

Involves different types of teams like committees, cross-functional teams, virtual teams, task forces, self-managed work teams, and informal teams, each serving specific purposes in organizations.